Ares Management Corporation (ARES) Stock Price & Analysis

Ares Management Corporation (ARES) closed at USD 123.7 on Thursday, October 22, 2026, up 5.72% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 117.01; the Oct 22, 2026 session ranged USD 115.36–123.92 on volume of 2,645,265 shares. Market capitalization is $41.04B, with a 52-week range of USD 95.8–181.19 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.

Also available as compact Markdown for AI agents: nexqual.com/ARES.md

Key facts (ARES)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ARES)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$4.21B$3.06B$3.63B$3.88B$5.60B$5.99B
Net income$409M$168M$474M$464M$527M$636M
Net margin9.7%5.5%13.1%11.9%9.4%10.6%
Revenue growth+138.8%-27.5%+18.9%+7.0%+44.2%—
Cash + short-term investments$344M$390M$348M$1.51B$489M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (ARES)

P/E 64.5x · P/E ex non-operating (est.) ≈172.4x · P/S 6.8x · P/B 10.3x · Earnings yield 1.55% · Dividend yield (paid, TTM) 0.23%

Superinvestors (SEC 13F-HR, Q2 2026) (ARES)

2 of 80 tracked investors hold ARES. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Vulcan Value Partners6.45%$212MAdded +12.5%
Daniel LoebThird Point0.90%$41.7MNew position

Analysts (ARES)

Consensus Buy (mean 2.10 on a 1–5 scale), 20 analysts; mean target USD 144.8 (low 119, high 168).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-19Piper SandlerTarget loweredOverweight$150 → $143
2026-10-13UBSTarget loweredNeutral$142 → $134
2026-10-12TD CowenTarget loweredBuy$163 → $159
2026-10-02Wells FargoInitiatedOverweight$136
2026-09-24Piper SandlerInitiatedOverweight$150
2026-08-27OppenheimerTarget raisedOutperform$151 → $162
2026-08-03TD CowenTarget raisedBuy$153 → $155
2026-08-03JP MorganTarget raisedOverweight$143 → $153
2026-08-03RBC CapitalTarget raisedOutperform$162 → $168
2026-08-03OppenheimerTarget raisedOutperform$140 → $151
2026-08-03BMO CapitalTarget raisedMarket Perform$128 → $134
2026-07-17OppenheimerTarget loweredOutperform$146 → $140

Total return (dividends reinvested) (ARES)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return-13.2%+77.9%
S&P 500 (SPY)+14.9%+80.3%
Per year-13.3%+12.2%
Volatility (annualized)43.6%37.7%
Max drawdown-45.5% (Dec 2025→Mar 2026)-47.2% (Jan 2025→Mar 2026)

ARES revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Management fees$1.02B71.2%+13.0%
Carried interest$249.9M17.5%-22.8%
Administrative, transaction and other fees$116.1M8.1%+26.8%
Incentive fees$42.8M3.0%+85.2%
Principal investment income$2.3M0.2%-79.1%
Total revenue$1.43B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ARES suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerAres Operating Group“•"Ares Operating Group Unit" or an "AOG Unit" refers to, collectively, a partnership unit in the Ares Operating Group entities including Ares Holdings and any future entity designated by our board of directors in its sole discretion as an Ares Operating Group entity;”

Quoted from the company's 10-K filed Feb 25, 2026.

Companies that name ARES in their SEC reports

Relationship to ARESCompanyFilingSentence
partnerVinci Compass Investments Ltd. (VINP)20-F Apr 20, 2026“On October 10, 2023, we announced that Ares Management Corporation, or Ares, agreed to form a strategic partnership to accelerate the growth of Vinci Compass' platform in Latin America and to collaborate with the distribution, product development and other business opportunities.”
partnerENI SPA (E)20-F Mar 23, 2026“On March 19, 2026, Eni initiated a reorganization of Plenitude's shareholding structure, together with the existing shareholders Ares Alternative Credit (affiliates of Ares Management Corporation) and Energy Infrastructure Partners.”
partnerAres Commercial Real Estate Corp (ACRE)10-K Feb 10, 2026“Ares Management believes that its unique culture, which centers upon values of collaboration, responsibility, entrepreneurialism, self-awareness and trustworthiness, makes it a preferred place for top talent at all levels to build a long-term career within the alternative asset management industry.”
partnerARES CAPITAL CORP (ARCC)10-K Feb 4, 2026“Ares Management LLC, the sole member of Ares Capital Management, has granted us a non‑exclusive, royalty‑free license to use the name "Ares" pursuant to a license agreement.”

ARES analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$1.26$1.42-11.6%$1.24B15
Next quarter (ends Dec 2026)$1.95$1.94+0.7%$1.42B13
Current fiscal year (ends Dec 2026)$5.76$5.89-2.1%$4.93B17
Next fiscal year (ends Dec 2027)$7.11$7.22-1.6%$5.84B17

ARES options: expected move

Options price a move of about ±7.8% (±$9.60) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±3.5% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026765.5%±7.8%
Nov 6, 20261456.1%±9.1%
Nov 13, 20262153.0%±10.4%
Nov 20, 20262850.6%±11.4%
Nov 27, 20263547.3%±11.8%
Dec 4, 20264245.6%±12.4%
Dec 18, 20265644.0%±14.3%
Jan 15, 20278442.2%±16.3%

30-day implied volatility 46.6% vs 31.7% realized over the last 30 trading days. Put/call ratio (volume) 0.76. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:16 UTC)

PriceUSD 123.7
Change▲ 5.72% (up)
Previous CloseUSD 117.01
OpenUSD 114.99
Day RangeUSD 115.36 – 123.92
52-Week RangeUSD 95.8 – 181.19
Volume2,645,265 shares
Market Cap$41.04B
ExchangeNYQ

Technical Analysis (ARES)

Nexqual's technical model rates ARES "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.

Overall SignalNEUTRAL
RSI (14)53.19 (neutral)
vs SMA50Below (USD 128.2)
MACD-2.57 (negative)

Analyst Ratings (ARES)

Wall Street analysts rate ARES "Buy" based on 20 analysts, with a mean price target of USD 144.8 (range USD 119–168), per Nexqual as of October 23, 2026 at 09:16 UTC.

Consensus RatingBuy
Analyst Count20
Mean TargetUSD 144.8
High TargetUSD 168
Low TargetUSD 119
Buy / Hold / Sell13 / 7 / 0

Earnings (ARES)

Next Earnings Date2026-10-29
EPS EstimateUSD 1.26
Revenue Estimate$1.24B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 1.29 vs est 1.27 ▲ beat
2026-03-31USD 1.24 vs est 1.33 ▼ miss
2025-12-31USD 1.45 vs est 1.69 ▼ miss
2025-09-30USD 1.19 vs est 1.14 ▲ beat

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Financials & Fundamentals (ARES)

Total Revenue$5.25B
Revenue Growth (latest quarter, YoY)+9.60%
Gross Margin+100.00%
Operating Margin+9.47%
Profit Margin+12.11%
ROE+14.92%
Debt / Equity1.72
Current Ratio0.62
Total Cash$1.85B
Total Debt$14.87B

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Financial Health Score (ARES)

Nexqual rates Ares Management Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.

GrowthStrong — Revenue +22% YoY (annual)
ProfitabilityMixed — Operating margin 9%
Balance SheetCritical — $1.85B cash vs $14.9B debt
Cash FlowSolid — Operating cash flow $3.27B (FY ended Dec 2025, 10-K)
EfficiencyMixed — ROE 15%, ROA 4.6%

Ownership (ARES)

Insider Ownership+11.16%
Institutional Ownership+94.04%
Shares Outstanding223.96M
Float219.76M
Short % of Float+14.44%

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Leadership (ARES)

Ares Management Corporation is led by Michael J. Arougheti, Co-Founder, Partner, CEO & Director, per Nexqual as of October 23, 2026 at 09:16 UTC.

Co-Founder, Partner, CEO & DirectorMichael J. Arougheti
Partner, Director, Co-Founder & Executive ChairmanAntony Peter Ressler
Partner & Co-PresidentBlair Victor Jacobson
Partner, Director & Co-PresidentRobert Kipp DeVeer
CFO, Partner & Principal Financial and Accounting OfficerJarrod Morgan Phillips

Major Backers & Investors (ARES)

Notable institutional backers of Ares Management Corporation include Sumitomo Mitsui Financial Group, Inc., Bank of America Corporation, Capital Group, according to Nexqual as of October 23, 2026 at 09:16 UTC.

Active Investors

InvestorStake
Sumitomo Mitsui Financial Group, Inc.5.97%
Bank of America Corporation5.29%
Capital Group4.75%
Wellington Management4.25%
Charles Schwab Investment Management, Inc.3.01%
Canada Pension Plan Investment Board2.97%
Charles Schwab2.2%

Index Funds (Passive)

FundStake
Vanguard Group11.02%
BlackRock7.54%
State Street4.01%

Source: Nexqual, October 23, 2026 at 09:16 UTC.

From Ares Management Corporation's Latest SEC 10-K Filing (filed 2026-02-25)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
AMPAmeriprise Financial, Inc.USD 496.83▲ 1.29%
STTState Street CorporationUSD 167.84▼ 0.66%
RJFRaymond James Financial, Inc.USD 159.19▲ 2.25%
NTRSNorthern Trust CorporationUSD 165.82▼ 0.65%
APOApollo Global Management, Inc. USD 114.83▲ 2.81%
PFGPrincipal Financial Group IncUSD 110.11▲ 1.54%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.

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